ESCO TECHNOLOGIES INC (ESE) Form 8-K — Oct 2, 2026
ESCO Technologies completed its acquisition of the entire share capital of Megger Group Limited on October 1, 2026, paying approximately $2.3 billion to seller TBG AG, consisting of $922 million in cash and 5.10 million ESCO shares, with a post-closing adjustment for Megger's net debt and working capital. To fund the deal, ESCO closed a new $1.5 billion senior secured credit facility led by JPMorgan and borrowed roughly $1.0 billion at closing, replacing its prior credit agreement that had been set to mature in August 2028. The new revolver and Term Loan A mature October 1, 2031, and Term Loan B matures October 1, 2033.
Key figures
- Debt Amount
- 1000000000
- Cash Position
- 0
- Deal Value Usd
- 2300000000
- Gross Proceeds
- 0
- Shares Offered
- 5100000
- Term loan a
- $500 million
- Term loan b
- $500 million
- Standstill limit
- 24.5% of outstanding common stock
- Revolver maturity
- October 1, 2031
- Term loan b maturity
- October 1, 2033
- Restricted period months
- 12
- Facility expansion option
- $451 million or 100% of Consolidated EBITDA
- Foreign currency capacity
- $75 million
- Revolving credit facility
- $500 million
- Letters of credit capacity
- $75 million
- Cash portion of purchase price
- $922 million
AI analysis
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